The Meta Platforms (META) chart just printed a textbook bull exhaustion. If you’re looking for high-flying tech stocks that may be due for a breather, this might be one of them.
🔎 Chart Breakdown (9W Time Frame):
Current Price: ~$510
Jan ‘25 High: $740.91
Bearish Targets:
🎯 Zone 1: $340.01 (61.8% Fib retracement)
🎯 Zone 2: $230.27
🧱 Sept ‘22 Low: $88.09 (extreme long-term support)
Technical Structure:
META saw a near uninterrupted bull run from late 2022 through early 2025
The current candle broke structure with a clear momentum shift
This looks like a repeat pattern from previous highs, signaling a potential reversal
The chart shows two key demand blocks where price could look to stabilize after correction
🚨 My Take:
META is showing the same vertical climb structure we saw on Netflix before the pullback. When growth stocks run this far, this fast, a correction is not only expected — it's healthy.
I’m not saying it’s crashing to the bottom, but a retracement to $340–230 zones makes sense based on historical price action. If you're in this for the long haul, these levels may offer better re-entry opportunities.
📌 Not financial advice — just a trader’s eye on macro structure.
🔎 Chart Breakdown (9W Time Frame):
Current Price: ~$510
Jan ‘25 High: $740.91
Bearish Targets:
🎯 Zone 1: $340.01 (61.8% Fib retracement)
🎯 Zone 2: $230.27
🧱 Sept ‘22 Low: $88.09 (extreme long-term support)
Technical Structure:
META saw a near uninterrupted bull run from late 2022 through early 2025
The current candle broke structure with a clear momentum shift
This looks like a repeat pattern from previous highs, signaling a potential reversal
The chart shows two key demand blocks where price could look to stabilize after correction
🚨 My Take:
META is showing the same vertical climb structure we saw on Netflix before the pullback. When growth stocks run this far, this fast, a correction is not only expected — it's healthy.
I’m not saying it’s crashing to the bottom, but a retracement to $340–230 zones makes sense based on historical price action. If you're in this for the long haul, these levels may offer better re-entry opportunities.
📌 Not financial advice — just a trader’s eye on macro structure.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.